understanding trades of nifty future for 24.08.2021 (Tuesday).
On 16th August after breaking it's previous resistance of 16542 Nifty did a sideways rally up to 50 points and made a new lifetime high of 16590. It was very volatile day without any direction. During 16th August sideways market Nifty made a double top in the chart. For now Nifty has no room to go up from here. Also BankNifty is showing weak signal. Resistance...
understanding trades of nifty future for 20.08.2021 (Friday).
Understanding trades of nifty future for 18.08.2021 (Wednesday - Expiry).
Understanding Trades of Nifty future for 17.08.2021 (Tuesday).
On 13th August after opening flat Nifty did a upside rally with positive sentiment and made a new all time high of 16542. Nifty has been taking support from it's trend line and in that process trend line is becoming weak with multiple retest. Depending on Friday closing Global market sentiment is mixed to negative. On 16th August if Nifty open below 16500 then...
On 12th August Nifty opened gap up and came for selling. After that Nifty took support from 16300 level and from there it started slowly moving up by taking support from 20 MA in 5 minute chart. There was selling pressure from top but still nifty was able to push 15 points higher from it's previous high. Nifty closed above 16360, technically this should be...
Understanding trades of nifty future for 13.08.2021 (Friday).
From 4th August to 11th August, 6 trading days Nifty has been trading in a zone of approx 16200 to 16300. Nifty made new high/low on Intraday basis but if you pay attention then you will see that, in the last 6 trading days Nifty closed between 16200 to 16300. And during this 6 days Nifty made new High/low and new support/resistance for itself. Last 2 days Nifty...
understanding trends through support and resistance.
understanding trades of nifty future for 12.08.20921 (Thursday - Expiry).
Understanding trades of nifty future for 11.08.2021 (Wednesday).
understanding trades of nifty future for 10.08.2021 (Tuesday).
understanding trades of nifty future for 09.08.2021 (Monday)
understanding trades of nifty future for 05.08.2021(Thursday)
In my earlier post I have warned you guys about volatility and unexpected sudden movement in Nifty. Which we are seeing after nifty breaking 15600. It could be due to big players suffered loss and trying to recover that. As a retail trader your duty is to not get trapped in any side, bull or bear. If you see the 30th July chart of Nifty, you can clearly see how...
understanding trades of nifty future for 30.07.2021 (Friday).
On 28th July Nifty breached 15600 and day low was near 15512. As per our analysis we reached our goal but what happened after that was not expected. Nifty was down almost 250 points from day high and from day low it recovered 200 points, which many may not have expected including me. Obviously it was short covering of 15600, 15500 put writers and profit booking of...